Ethiopia Market Profile

August 27, 2015 - 5:03am from MicroCapital
Qualcomm, a US-based semiconductor and telecommunications company, recently announced a collaboration with Project Concern International (PCI) India, a New Delhi-based branch of the US-based non-governmental organization PCI; Planned Social Concern (PSC), a microfinance institution (MFI) based in Jaipur, India; and Microware Computing & Consulting, an Indian telecommunications and software company. The organizations are launching a project called “Connecting India to Disconnect ...
August 7, 2015 - 7:09pm from MicroCapital
Jeannette Kagame, the wife of Rwanda’s President Paul Kagame, recently launched a campaign that aims to financially empower women in the country. A total of USD 20 million from the Rwandan government will be dedicated to lifting 1 million women out of poverty by March 2018. The campaign will partner with New Faces New Voices, a women’s advocacy organization that was founded in Rwanda by Graca Machel, South Africa’s former First Lady. Information on plans for the disbursal of the ...
August 7, 2015 - 3:51pm from Center for Financial Inclusion Blog
> Posted by Center Staff Impact investing in East Africa has grown strongly over the past five years with over $9.3 billion disbursed, more than 1,000 deals, and roughly 150 investors managing about 200 active investment vehicles. These are among the findings outlined in a new report from the Global Impact Investing Network and Open Capital Advisors, which provides a state of the market ...
July 29, 2015 - 2:24pm from Center for Financial Inclusion Blog
> Posted by Haset Solomon, Communications and Operations Associate, the Smart Campaign #464372564 / gettyimages.com The East African mobile revolution seems to be hitting every country in the region, including the state-less ...
July 27, 2015 - 7:48pm from Private Sector Development Blog
Sub-Saharan Arica has launched a new wave of “special economic zones” (SEZs), with more and more countries establishing or planning to establish SEZs or industrial parks. However, can Africa overcome the past stigma and make the zone programs truly successful? This was one of the hot topics during the China-Africa “Investing in Africa Forum,” held in Addis Ababa, Ethiopia, from June 30 to July 1, organized by the World Bank Group with the government of Ethiopia, the ...
July 21, 2015 - 2:41pm from MicroCapital
MicroCapital: What is the motivation for the new study “More Inclusive Finance for Youth: Scalable and Sustainable Delivery Models for Financial and Non-Financial Services,” which was published recently by e-MFP’s Youth Financial Inclusion Action Group? Severine Deboos: Almost 73 million youth worldwide are looking ...
July 9, 2015 - 2:00pm from Acumen Fund Blog
Standing—and working—with the poor requires resilience and determination. When we established Acumen’s Global Fellowship 10 years ago, we were looking for those bright minds and big thinkers who not only possessed the moral imagination to envision a world beyond poverty but also the courage and resolve to commit their lives to making that vision a reality. The Global Fellowship is a yearlong leadership development program ...
June 9, 2015 - 2:51pm from Private Sector Development Blog
How can financial inclusion and financial integrity policies complement each other? That question was addressed in a report recently released looking at the state of Ethiopia’s anti-money laundering/combating the financing of terrorism (AML/CFT) framework.   The assessment was conducted by a World Bank Group team of experts and published by the
June 4, 2015 - 5:50am from BRAC Blog
This blog was originally posted on the Center for Financial Inclusion Blog.   Microfinance clients at a village organisation meeting in Rajshahi This month, the results from six ...
June 2, 2015 - 8:55pm from Microfinance Africa
A new report by Oxfam has revealed that international companies cheated Africa out of $11 billion in 2010. The report titled “Africa: Rising for the Few” released yesterday revealed that the loss is equivalent to more than six times the amount needed to deliver universal primary healthcare in the Ebola-affected countries of Sierra Leone, Liberia, Guinea and Guinea Bissau. “The companies achieved this through just one of the tricks used by multinational companies to reduce ...
June 1, 2015 - 9:39pm from Center for Financial Inclusion Blog
> Posted by Shameran Abed, Director, BRAC Microfinance Program Shameran Abed, BRAC’s Director of Microfinance, joined the Microfinance CEO Working Group in January. He joins the Working Group’s efforts to support the positive development of the microfinance industry and brings tremendous insight into the ...
June 1, 2015 - 2:51pm from MicroCapital
“A multifaceted program causes lasting progress for the very poor: Evidence form six countries;” published by Science, 15 May 2015, available at http://www.sciencemag.org/content/348/6236/1260799.full This study reports that a multifaceted “graduation” program generated improvements in the wellbeing of the “poorest of the poor.” The program provides families with a free productive asset, such as a ...
May 31, 2015 - 6:58pm from Microfinance Africa
Africa, will in july hold a conference in Adis Ababa Ethiopia on global tax system. According to Oxfam’s Senior Policy Advisor, Vanessas Inko-Dokubo , international tax system is broken and unfair, that hampers Africas ability to raise more tax revenue, by a system that facilites tax dodging by multinational companies ,but favours rich countries where multinational companies are resident. Inko-Dokubo added that, by that means, it encourages poor countries to ...
April 14, 2015 - 2:03pm from Private Sector Development Blog
A new global network of Climate Innovation Centers will support the most innovative private-sector solutions for climate change.   Pop quiz: What does an organic leather wallet have in common with a cookstove for making flatbread and a pile of recycled concrete?   Believe it or not, each of these represents something revolutionary: a private sector-driven approach to climate change. Each of these products – yes, even concrete – is produced by an ...
April 7, 2015 - 7:23pm from Microfinance a Working Solution to Global Poverty
Running along the eastern part of the African continent, the Rift Valley is a prominent geological feature. Originally thought to extend from Jordan to Mozambique, geologists now note that the full Rift Valley is comprised of several smaller Rifts – including what is now considered the East Africa Rift, extending from the Afar Depression in Ethiopia to Mozambique. Unlike traditional valleys created by rivers or other forms of erosion, Rift Valleys are created by shifts in the ...
March 30, 2015 - 5:05am from MicroCapital
Ethiopian banks and microfinance institutions increasingly are adopting mobile money services to allow their customers to send or receive money using mobile phones and other devices linked to their financial account. For example, Moss ICT Consultancy, which was founded as M-Birr in 2009 as a spin-off of Ireland-based NCL Technologies, is marketing its M-Birr service in rural areas [1]. While it was launched on a pilot basis in 2013, M-Birr only recently was approved by the National Bank ...
March 13, 2015 - 3:16pm from Center for Financial Inclusion Blog
> Posted by Center Staff #147841446 / gettyimages.com In over 100 countries around the world, central banks, stock markets, finance providers, NGOs, and others are coming together en masse this week and next to target the financial inclusion of one of the most underserved client segments: children and youth.
February 19, 2015 - 9:39pm from Acumen Fund Blog
Acumen announces its new investment in First Access, a data analytics company improving access to formal financial services for low-income East African communities. In East Africa, only 22 percent of the population has access to formal financial services with the region’s poor having even less at 10 percent. ...
February 5, 2015 - 4:32pm from Center for Financial Inclusion Blog
> Posted by the Microfinance CEO Working Group The following post was originally published on the Microfinance CEO Working Group blog. The American Economic Journal has published an issue dedicated to six new studies measuring the impact of ...
February 3, 2015 - 1:52pm from Microfinance Africa
The MFI has acquired a CORE banking system from Neptune for undisclosed sum The Somlai Region is going to open a second Micro Finance Institution (MFI) from which is going to extend loans from 10pc to 20pc. This will be the second in the region. Rays MFI received approval from the National Bank of Ethiopia (NBE) on January 26, 2015, which will enable it to commence operations. This happened four years after the first, the Somali MFI, opened its office in the ...